Dollar gains after Fed minutes reinforce rate hike expectations
By Herbert Lash NEW YORK (Reuters) -The U.S. dollar edged higher against other major currencies on Wednesday after minutes from the Federal Reserve’s June policy meeting reinforced market expectations of another interest rate hike at the end of July. Almost all Fed officials agreed to hold interest rates steady last month and most…
Yen firms amid intervention chatter, trading subdued on US holiday
By Harry Robertson and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar fell against the yen on Tuesday as markets remained on high alert for signs of Japanese intervention, but the broader market was placid with U.S. traders off for a public holiday. The greenback was down 0.28% at 1340 GMT to 144.26 yen,…
Dollar little changed after ISM data, yen below 145 threshold
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) -The dollar was little changed on Monday against a basket of major trading currencies and gained against a yen that’s under intervention watch after the Japanese finance minister warned last week of excessive moves in the currency market. The dollar initially weakened on news…
Dollar index hits two-week high as data boosts Fed hike expectations
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar index climbed to a two-week high on Thursday after economic data showed the labor market remained on a solid footing, giving the Federal Reserve a possible cushion to continue raising interest rates. Weekly initial jobless claims decreased 26,000 to a seasonally adjusted 239,000,…
Dollar strengthens after ECB conference, yen stays soft
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index rose on Wednesday following comments from a host of global central bank leaders, including Federal Reserve Chair Jerome Powell, who did not rule out the possibility of another rate hike by the Fed at its next meeting in July. Powell, speaking at a…
Dollar weaker after data burst, euro rises on ECB comments
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index retreated on Tuesday after a host of economic data releases indicated the U.S. economy remains resilient and may not be close to a recession, while the euro strengthened after comments from European Central Bank (ECB) President Christine Lagarde. The greenback retreated further after…
Dollar holds firm ahead of U.S. durable goods, housing data
By Rocky Swift TOKYO (Reuters) – The U.S. dollar held its ground against major currencies on Tuesday as tension in Russia simmered and traders looked ahead to U.S. data that may determine the timing of interest rate hikes. Russian President Vladimir Putin said on Monday he let an aborted mutiny go on as…
Dollar steady as investors ponder over global rates, economic outlook
By Rae Wee SINGAPORE (Reuters) – The dollar held near a one-week high against its major peers on Monday as traders weighed the impact of protracted monetary tightening cycles on the global growth outlook and as worries over a deep downturn in major economies lingered. Investors were also on guard after dramatic weekend…
Dollar rises as hawkish central banks dent risk sentiment, sterling slips
By Rae Wee SINGAPORE (Reuters) – The dollar drew support from a bout of risk aversion on Friday as hawkish comments from global central banks, including the Federal Reserve, stoked fears that their aggressive monetary tightening could push economies into a deeper downturn. Sterling struggled to hold gains from a larger-than-expected 50-basis-point rate…
Dollar weakens as Powell’s testimony offers little surprise; sterling steady
By Rae Wee SINGAPORE (Reuters) – The dollar languished near a one-month low against a basket of currencies on Thursday, after Federal Reserve Chair Jerome Powell stuck to his usual messaging at his semi-annual testimony, offering little room for surprise. Sterling was perched near a one-year high ahead of the Bank of England’s…
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